Investors Have Cut China’s Internet Giants Down to Size

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Updated Dec. 31, 2023 12:20 am ET

HONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. 

After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? 

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